Aereo Inc. ended its three-year copyright battle with a bankruptcy filing, but the trend that the streaming startup so publicly represented — the increasing popularity of novel, Internet-based services for access to video content — isn't going anywhere.
A Massachusetts federal judge on Friday vacated a set of electronic orders granting final approval to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low, just hours after issuing a set of orders approving the settlement and a request for attorneys’ fees.
Attorneys for the former leadership of Dewey & LeBoeuf LLP on Friday said the insurer behind a $15 million defense policy is refusing to pay their legal bills, and that top lawyers from the defunct firm have to date burned through $35 million in defense costs.
The U.S. Environmental Protection Agency said Friday it will not be finalizing 2014 volume standard under the Renewable Fuel Standard program before the end of this year, a move that reflects controversy between the ethanol and oil industries about how volumes should be set in light of lower-than-predicted gasoline consumption.
The Republican-controlled U.S. House of Representatives on Friday filed a long-awaited lawsuit against the Obama administration challenging delay of the Affordable Care Act’s employer mandate and government payments to health insurance companies under the law.
TV streaming service Aereo Inc., whose targeted signals were ruled by the U.S. Supreme Court in June to violate copyrights by retransmitting broadcasts without permission, filed for bankruptcy in a move CEO Chet Kanojia said Friday would allow it to avoid civil copyright litigation liability.